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Supply Chain Glossary - U

Supply Chain Glossary - U

unit of measure (purchasing)

The unit used to purchase an item. This may or may not be the same unit of measure used in the internal systems. For example, purchasing buys steel by the ton, but it may be issued and used in square inches. Syn: purchasing unit of measure.

A method of depreciation whereby the amount to be recovered (written off as a period expense) is calculated based on estimated life of the equipment in units to be produced over the life and the number of units produced in a given time period. See: depreciation.

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